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As of 10:30 a.m. ET today, Nike stock was down 7%. ... Moreover, first-quarter revenue of $11.6 billion was down 10% and down slightly more than expected, which is why the stock dropped 7%.
Nike stock fell nearly 20% on Friday after the retailer said it expects revenue to decline more than it previously thought in the coming year.The company said Thursday it expects revenue to fall ...
Why Nike stock is falling, according to Yahoo Finance: Gross profit margins dropped significantly and missed analyst estimates as markdowns piled up. Inventory ballooned 44% year over year as the ...
Nike stock sank more than 6% on Wednesday after the company reported fiscal first quarter revenue that missed estimates and withdrew its outlook for the year amid a CEO transition.The shoe giant ...
Nike stock sank more than 10% Friday after executives gave a weaker sales outlook for markets around the world and highlighted a major cost-cutting initiative.. The company said Thursday that it ...
By selling channel, Nike direct revenue dropped 8% to $5.1 billion, and wholesale revenue rose 5% to $7.1 billion. ... Before you buy stock in Nike, consider this: ... In Other News.
In this video, I will go over Nike's (NYSE: NKE) second-quarter earnings report and explain why the stock is dropping. Watch the short video to learn more, consider subscribing, and click the ...
Despite posting Q2 sales and earnings that beat Wall Street's expectations, Foot Locker delivered some bad news for Nike today.